As a Policy Instrument,currency Devaluation May Be Controversial Since It

question 6

Multiple Choice

As a policy instrument,currency devaluation may be controversial since it:

• A) Imposes hardships on the exporters of foreign countries
• B) Imposes hardships on exporters of the devaluing country
• C) Is generally followed by unemployment in the devaluing country
• D) Is generally followed by price deflation in the devaluing country

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Definitions:

Empathy

The capacity to comprehend and empathize with someone else's emotions.

Bad-News Message

Communication that conveys negative or unfavorable information in a tactful and considerate manner.

Service Failure

A situation where a service does not meet the customer's expectations, leading to dissatisfaction.

Follow-Up

An action taken to ensure a previous communication has been understood, or to check the progress of an activity.